David and David on Real Estate

We welcome to today's episode from Alt | Home Staging & Design (@ladiestouch.ca):

Farah Dhalla-Singh, Founder & CEO (@farah_dhalla_singh) 

Victoria Viele, Operations Manager (@victoriaviele) 

Vanessa DiGiuseppantonio, Staging & Design Manager (@vanessantoniodesign)

For realtors, home buyers and sellers: today is your MUST-watch episode to learn all the ins and outs of home staging in listing and buying homes in today's real estate market!

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Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

David and David are proud to present special guest Zachary Rain!

Zachary Rain is the CEO & President of Rain Finance (@rain.finance) rainfinance.ca

Zach is a Financial Advisor - he helps people make and save money!

After multiple appearances on the Chosen Life Podcast, Zach joins David & David today to discuss real estate and money!

Today's Agenda:

Background

Basics of money management

What are 5 things that every realtor should do when it comes to money planning/management?

PRECS and Holding Corporations

Percentage of income should be re-invested back into:  The business?  Marketing?

What percentage of income should be reinvested? stock market? GICs? real estate?

How infinite banking and leveraging life insurance go hand and hand with investing in real estate.

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Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

Today's guest is Karen Yolevski (@karenyolevski)

Karen is the Chief Operating Officer, Corporate Brokerages Royal LePage Real Estate Services Ltd.

Karen joins David and David today to discuss the real estate market and her tips on how to motivate employees!

Today's Agenda:

Background – practicing lawyer to tech industry to Stewart Title Insurance to Royal LePage

Lead, motivate and manage 111 employees.

Agents are independent contractors and “clients” of brokerage

Current market activity

Predictions in terms of activity, interest rates and house prices for the remainder of 2022 and 2023

Reasons behind low inventory (supply)

Are people buying and what is their mindset?

How are realtors reacting to the market change?

How are realtors dealing with seller expectations on price, and buyer reluctance to pull the trigger?

Buy real estate v. rent

Waiting for the high tide v. looking for opportunities

What advice would you give to any realtors that are struggling with their business?

What should realtors be doing more?

Coming from the tech industry, what technology are you seeing that will help agents close more deals and deliver superior customer experience?

Sutton and Royal LePage are two national Canadian real estate brands. Is it important that agents work for a Canadian brand, and does being part of a Canadian brand give agents any advantages in the marketplace?

Advice to other women thinking of pursuing leadership opportunities in real estate.

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

David and David are back in the 2nd part of their best of series.  After covering their first 26 episodes, catch the highlights of episodes 27-59 of David & David.  Remember some of your past fave episodes and get ready to rewind some episodes that you may have missed!

So many great topics and memories!!  All the summaries and highlights are here!

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions.

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

You LOVE David & David on Real Estate!!

For your favorite Real Estate podcast, a huge congratulations- as we have hit the big episode 60!

David and David as part of celebrating their milestone episode- recap the first 26 episodes of the program. Starting with the inaugural first episode all the way to #26, catch the highlights of the early episodes of David & David. Remember some of your past fave episodes and get ready to rewind some episodes that you may have missed.

So many great topics and memories!! All the summaries and highlights are here from episodes 1-26.

Episode 1 launched in April 2021: it is amazing to see how many changes and shifts in real estate over the past year and a half!

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions.

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

Meet Carl Gomez! Chief Economist and Head of Market Analytics for the CoStar Group (www.costargroup.com)

CoStar Group is the leading provider of Commercial Real Estate Information, Analytics and Online Marketplaces!

Carl joins David and David today to discuss the current real estate market and provide his outlook on the economy.

Today's Agenda:

-economy including outlook for inflation and interest rates

- pause and recalibration

- variable v. fixed interest rates

- trend towards mixed use developments

-office market outlook and implications given the secular shift to hybrid work models

- how much more runway does industrial market have (outlook for rents, cap rates etc)

- is there really a supply problem in the multifamily residential market

- the surprising resilience of the retail property market

- effect of foreign buyers on the real estate market

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

Welcome back Jonathan Hacohen (@Chosenlawyer) to David & David!

Filling in for David Korman, Jonathan joins David Gorski to discuss the state of the current real estate market.

Today's episode dives deep into real estate investing.

In a crashing real estate market, is it a good time to buy a home?

What about investing in real estate market?

Realtors often help clients with building a real estate investment portfolio. Those same agents should think about their own purchases as well!

Make sure to check out www.inagent.ca as a realtor and become certified in working with real estate investors.

In any market, real estate can be a great purchase. Find out why today!

As an added bonus: Discover the secrets of being a successful leader!!

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

Meet Sara Erskine (wehlitigation.com), Commercial Litigator and Founding Partner at Weintraub Erskine Huang LLP

Sara has appeared as counsel before all levels of court in Ontario and the Supreme Court of Canada. In today's episode, Sara sheds light on the realities of litigation in our constantly shifting real estate market. Has your real estate transaction not closed- and you plan to hire a litigation lawyer to commence a court action? Sara goes through many factors to consider, including costs, available remedies, mutual releases and how courts work.

Agenda for today's episode:

Shifting real estate market leads to buyer remorse leading to breach of contract

What do buyers and buyer agents need to be aware of in this market?

How have the courts ruled in recent buyer remorse cases?

Is failure to deliver a Deposit a breach or effectively a “cooling off period”?

In addition to the delta (difference in purchase price) what damages might the buyer be responsible for?

What are the expected costs when going to court? Expected timelines?

What questions should the sellers be asking a litigation lawyer before deciding who to work with?

What is an anticipatory breach?

Is there anything that the seller can do to protect themselves when an anticipatory breach occurs?

What should the agent do?

What are the steps when seller is contemplating legal action against buyer?

Why is there a duty to mitigate damages?

Should a Seller sign a mutual release in order to get the Deposit?

Should a Seller sign in a mutual release in order to put the property back on the market?

Is a Seller entitled to recover damages in addition to the Deposit?

What level of involvement should the realtor have in their clients' litigation matter?

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

A surprise on today's episode! David Korman is joined by guest co-host Sabiha Ali, Broker of Record for Sutton Summit Realty (@brokersabiha)

The featured guest is Teresa Occhiuto, Business Development Manager at First Canadian Title - fct.ca

Teresa shares with our audience her years of experience in the title insurance industry with FCT.

Have you wondered what is title insurance? What it covers? How does it work?

Whether you are a home owner, purchaser of real estate, realtor, mortgage broker or any professional in the real estate industry: This is a MUST view episode for you!

Everything you always wanted to know about title insurance- exclusively on the David & David on Real Estate podcast!

Agenda for today's episode:

Background - Teresa Occhiuto

Real estate practice is the riskiest area of law for 3 years in a row.

What is title insurance?

How long does title insurance last?

Is title insurance mandatory?

What does title insurance cover?

What doesn't title insurance cover?

Are title insurance and home insurance the same thing?

What is the Deal Protection Endorsement?

How can title insurance help individuals who have been a victim of fraud?

What should real estate agents know about title insurance?

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp

David and David come together in today's episode to provide guidance and support to real estate agents in a challenging market.

When the market is hot, you rarely see a conditional offer. To have the winning offer, you often have to go in firm.

But what about in today's market? Conditions are back- time for buyers and sellers to ensure they are protecting themselves.

We like to call these old-school negotiations. Practice your best poker face and get ready to learn the art of winning the negotiation battle.

It comes down to communication, in-person meetings and changing strategies. The David's are here to show you how it's done!

Agenda for today's episode:

- Challenges v Opportunities

- Very few bidding wars, low supply, rising interest rates

- Anxiety in the marketplace for closings

- Lost art of negotiating offers with conditions

- Advantages of in-person Offer presentations

- How to arrange for in-person Offer presentations

- Shifts in strategies

- Practice tips for realtors and lawyers

____________________________________________________________

Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions

STAY CONNECTED:

🔗 Get a free consultation: https://linktr.ee/KormansLLP

✔ INSTAGRAM: https://www.instagram.com/kormansllp/

✔ TIKTOK: https://www.tiktok.com/@kormansllp

✔ TWITTER: https://twitter.com/kormansllp

✔ FACEBOOK: https://www.facebook.com/kormansLLP

✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp